Murdoch and Malone –
Rivals, Partners, Both?

Defensive corporate maneuvering, or the chess-like placement of key financial pieces by two of the world's biggest media moguls whose real game plan might be a merger?

The board of News Corp. last night adopted what is widely being called a "poison pill," a shareholder measure that could vastly increase the price of any hostile effort to take over the media empire of Rupert Murdoch. The Australian-but-soon-to-be-U.S.-based News Corp. said it enacted the change in reaction to last week's announcement by John...